Merrill Lynch is seventh largest bank acquisition ever

September 15, 2008

Bank of America’s planned $44.3 billion acquisition of Merrill Lynch is the seventh largest bank acquisition ever announced, according to Thomson Reuters Deals Intelligence.  Bank of America is the fourth largest bank globally and the top US bank with a market value of US$153.9 billion.

In the big picture: M&A targeting of the banking sector has reached $187.2 billion so far in 2008. Activity in the third quarter stands at a 5 quarter high of $87.3 billion.

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–Research from Matthew Toole, Daily Deals Insight

One comment

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The acquisition is no doubt a continued show and unveiling of the credit crunch and the resultant liquidity squeeze that has continued to permeate the US economy. At least it saves the bank from bankrucy and would most likely continue in its name though without the indepence it has enjoyed overtime.

Posted by Frank Ogbeide | Report as abusive

[...] has seen some writing on the wall and will be bought by Bank of America for US$50bn, which is a pretty big deal and has shored up Merrill’s creditworthyness [...]